Korea Technology Subsidiary Wins 38.4 Billion KRW Contract for Sokcho Joyang-dong Residential Accommodation Facility Construction

Perspective view of the residential lodging facility in Joyang-dong, Sokcho.

[Asia Economy Reporter Jang Hyowon] Korea Technology, a KOSDAQ-listed company, announced on the 28th that its subsidiary Daewoo Shipbuilding & Marine Engineering Construction (Chairman Kim Yongbin) has successfully secured a contract for a residential lodging facility construction project in Joyang-dong, Sokcho, Gangwon Province.

The project involves constructing a residential lodging facility with 537 rooms, spanning from 4 basement floors to 20 above-ground floors, located at 1111-1 Joyang-dong, Sokcho-si, Gangwon-do.

The property boasts panoramic views encompassing both mountains and the sea. Residents can enjoy views of the lake, sea, Seoraksan Mountain, city landscaping, and night scenery all at once from inside their homes. The ability to enjoy the scenery of Cheongcho Lake, the East Sea, and Seoraksan Mountain is also highlighted as an attractive feature.

Transportation is convenient for both public transit and private vehicles. Situated along Donghae-daero, a major road, there is a bus stop just a 3-minute walk away and Sokcho Express Bus Terminal within 5 minutes, offering excellent accessibility. Additionally, Sokcho Port and facilities such as cruise, passenger, and international passenger terminals are available, drawing attention.

The living infrastructure is also diverse. Around the complex are various convenience facilities including the Joyang-dong Community Center, Sokcho City Hall, large supermarkets, and movie theaters. For pleasant leisure time, residents can also enjoy a camping site, lake park, and art museum.

A company representative explained, “With views of the sea and mountains and the advantage of nearby major tourist attractions, the project is equipped with excellent transportation and neighborhood living facilities, making it a 'prime location' among buyers in the sales market.”

Meanwhile, with this contract win, Korea Technology has achieved a record order amount of 508.8 billion KRW since November alone, surpassing last year’s total sales.

This content was produced with the assistance of AI translation services.